Research on the Impact of Financial Agglomeration on High-Quality Economic Development
Financial agglomeration is an inevitable result of the continuous development of finance,which can have a significant impact on the high-quality development of the economy.Based on the Panel Data of 30 provinces in China,the location entropy and Topsis entropy weight methods are used to measure the financial agglomeration index and the level of high-quality economic development.The econometric models are used to test the characteristics of the impact of financial agglomeration on high-quality economic development.The results show that:(1)Financial agglomeration has a promoting effect on the high-quality development of the national economy,and this promoting effect exhibits regional heterogeneity.(2)The impact of financial agglomeration on high-quality economic development has a dual threshold effect of increasing marginal effects.(3)There is a positive correlation between financial agglomeration and the level of high-quality economic development,and the impact of financial agglomeration on the level of high-quality economic development has a spatial spillover effect.The results of this research provide support for formulating corresponding policies,fully leveraging the positive role of financial agglomeration,and promoting high-quality economic development.
NETL
NSTL
万方数据
